Income Tax Rates

Today I spoke at length about income tax rates in the debate on the economy.

This government has taken the most vulnerable out of income tax altogether, whilst at the other end of the scale it has been proved that the higher the tax rate the more revenue falls. It does not make economic sense. That is why as well as helping those on the lowest wage, this Government have also have reduced the top rate of income tax to 45%.

I called for action to be taken against big businesses who avoid tax on an industrial scale.